IuteCredit: Public Offering of Senior Secured Corporate Bonds open for subscriptions
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.
Tallinn, Estonia, 6 September 2021. IuteCredit Europe (“ICE”), a leading European personal finance group, announces the public offer of Senior Secured Corporate Bonds (hereinafter Offering) based on the securities prospectus (hereinafter Prospectus) authorized by the Luxembourg Financial Supervisory Authority CSSF (Commission de Surveillance du Secteur Financier) as well as the Estonian Financial Supervision Authority (FSA), Latvian Financial Supervisory Authority, Financial and Capital Market Commission (FCMC) and the Bank of Lithuania on 30 August 2021. The prospectus has been published on the Company's website at https://iutecredit.com/prospectus/ and the website of the Bourse de Luxembourg (www.bourse.lu). The public offering of the Senior Secured Corporate Bonds will be carried out only in Estonia, Latvia and Lithuania as well as in Germany and not in any other jurisdictions.
Institutional investors may submit their orders:
Šiauliu bankas AB
Domas Klimavičius, +370 5203 2266, firstname.lastname@example.org
Redgate Capital AS
Robert Jäger, +372 5647 7510, email@example.com
Janis Dubrovskis, +371 2917 8878, firstname.lastname@example.org
Dinas Petrikas, +370 6824 3474, email@example.com
Signet Bank AS
Edmunds Antufjevs, +371 6708 1058, firstname.lastname@example.org
Main terms of the Offering
IuteCredit offers publicly up to 500,000 Senior Secured Corporate Bonds of with the nominal value of EUR 100 each, the maturity date 6 October 2026 and interest rate of 9.5% to 11.5% per annum payable semi-annually. IuteCredit has the right to cancel the Offering. The Senior Secured Corporate Bonds are offered with the price of EUR 100 per one bond. The Senior Secured Corporate Bonds are registered in Clearstream Banking S.A. CSD, Luxembourg, under ISIN code XS2378483494. A listing of the bonds on regulated markets of both the Frankfurt Stock Exchange and the Nasdaq Tallinn Stock Exchange is intended.
The subscription period for the bonds starts on 6 September 2021 at 10.00 EEST and will end on 24 September 2021 at 15.30 EEST. The offering will be targeted to qualified investors and to retail investors in Estonia, Latvia and Lithuania as well as in Germany.
Auction’s rules are available in the attachment.
The Bonds constitute direct, general, unconditional, unsubordinated and secured obligations of the Issuer. The Bonds will at all times rank pari passu in right of payment with all other present and future secured obligations of the Issuer and senior to all its existing and future subordinated debt.
Detailed information is available in the Prospectus and in the summary of the Prospectus.
Timetable of the Offering
Subscription period starts
6 September 2021 at 10:00 EEST
Subscription period ends
24 September 2021 at 15:30 EEST
Disclosing results of Offering
On or about 27 September 2021
Settlement of Offering
On or about 6 October 2021
First trading day
On or about 6 October 2021
Listing and admission to trading of Senior Secured Corporate Bonds of IuteCredit
IuteCredit has submitted an application to Nasdaq Tallinn AS for the listing and admission to trading of the Senior Secured Corporate Bonds on the Baltic Bond List of the Nasdaq Tallinn Stock Exchange and to Frankfurt Stock Exchange for the listing and admission to trading of the Senior Secured Corporate Bonds on the General Standard, segment for bonds of Deutsche Börse. The expected date of listing and admission to trading is on or about 6 October 2021.
While every effort will be made and due care will be taken in order to ensure the listing and the admission to trading of the Senior Secured Corporate Bonds, IuteCredit cannot ensure that the Senior Secured Corporate Bonds will be listed and admitted to trading.
Availability of the Prospectus and bond terms
The Prospectus and the summary of the Prospectus have been published and can be obtained in electronic format from the Company's website at https://iutecredit.com/prospectus/ and the website of the Bourse de Luxembourg (www.bourse.lu). In addition to the above, the Prospectus, the summary of the Prospectus and the translation thereof into English are available through the information system of Nasdaq Tallinn Stock Exchange. The bond terms of IuteCredit’s Senior Secured Corporate Bonds have been published and can be obtained in electronic format from IuteCredit’s website https://iutecredit.com/prospectus/.
Before investing into IuteCredit´s Senior Secured Corporate Bonds, we ask you to acquaint yourself with the Prospectus, the bond terms and the terms of the Offering in full and if necessary, consult with an expert.
Kristel Kurvits, Group Chief Financial Officer (CFO)
Phone: +372 50 88 77 0
Aalto Capital (Investor Relations)
Sven Pauly, Consultant
Phone: +49 89 898 67 77 0
IuteCredit - established in 2008 - is a leading European personal finance company. The Group is specialized in consumer credits via its 100% subsidiaries using equity and loan capital. IuteCredit serves customers currently in Moldova, Albania, North Macedonia, and Bulgaria as well as Bosnia and Herzegovina.
IuteCredit's loan products are unsecured consumer loans with maturities between 1 month and 36 months and car-secured loans with maturities up to 60 months.
The mission of IuteCredit is to create the extraordinary experience in personal finance by exceeding customers' expectations.
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.
This announcement does not constitute an offer of securities for sale in the United States. The bonds have not been and will not be registered under the Securities Act or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This announcement does not constitute a prospectus for the purposes of Directive 2003/71/EC, as amended (the "Prospectus Directive") and does not constitute a public offer of securities in any member state of the European Economic Area (the "EEA").
This announcement does not constitute an offer of bonds to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the bonds. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "Relevant Persons"). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.